Biden Says Powell Is Best to Tackle Inflation, Risks

Biden Says Powell Is Best to Tackle Inflation, Risks

Assessment

Interactive Video

Business

University

Hard

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The video discusses the economic challenges posed by the pandemic, supply chain disruptions, and inflation, emphasizing the Federal Reserve's role in addressing these issues. Jerome Powell is nominated for a second term as chair, with a focus on maximum employment and inflation control. The video highlights Powell's leadership in economic recovery and his commitment to addressing climate change risks. It also covers the importance of proactive financial regulations to manage emerging risks like cryptocurrency and nonbank institutions.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two main goals of the Federal Reserve as discussed in the video?

Promoting international trade and reducing taxes

Increasing interest rates and reducing government debt

Achieving maximum employment and maintaining low inflation

Enhancing technological innovation and supporting small businesses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Jerome Powell, what is a key benefit of maximum employment?

Companies compete to attract workers, leading to wage increases

Workers compete for jobs, reducing unemployment

Government reduces taxes to stimulate employment

International trade agreements are strengthened

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the top priorities for the Federal Reserve under Jerome Powell's leadership?

Increasing the national debt ceiling

Addressing climate change risks to the financial system

Reducing the number of financial institutions

Promoting international tourism

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the Federal Reserve plan to address the risks posed by climate change?

By promoting international climate agreements

By leading global central banks in climate-related financial risk management

By reducing interest rates to encourage green investments

By increasing taxes on fossil fuels

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Federal Reserve's approach to financial regulations in the context of emerging risks?

Ignoring nonbank financial institutions

Focusing solely on traditional banking institutions

Reducing regulations to encourage financial growth

Proactively staying ahead of innovations like cryptocurrency